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20121201
20121231
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
mohammed morsi granted himself sweeping powers to push through the draft constitution. a constitution that the critics claim cobol officer hard line islamic policy. gag palkot following it all from cairo and streaming now. greg? >> hey, shep. things are relatively quiet here in cairo right now. but they are going to get noisy again. supporters and opponentses of egyptian president mohammed morsi get ready for a referendum on that draft constitution. actually it's going to happen over the next two saturdays due to a shortage of judges who have to act as election monitors. one main judicial group is calling the document an insults. the opposition is very much involved in this now. they have branded the constitution as promise and noninclusive. they want their followers to vote no. but they will be up against it. morsi's muslim brotherhood party has a good ground game, an excellent grassroots network and calling for rallies outside of mosques on friday. and they also play hard ball. a national unity meeting planned for wednesday was canceled. we were told 'cause morsi didn't want to show
ceo of pimco mr. mohammed el-erian. welcome back. >> thank you, bill. >> and i've given you your first question. i gave it to rick earlier. we've seen this rise in yields even as the fed met to try to bring rates down some more. even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where on the curve you. >> so -- i'm sorry? >> it was interesting. this was brought up by one of our portfolio managers this morning. the fed's statement was hawkish last wednesday. we don't agree. what the fed tried to do is provide greater clarity to the markets. >> right. >> but that had been misinterpreted as it being more hawkish. we don't think that is the case. >> so all of th
, this is in cairo. it was there last night that supporters and owe points of president mohamed morsi clashed. they hurled rocks and molotov cocktails at each other. at least five people were killed, hundreds injured. the root of the violence is what many believe is morsi's grab for power. ian lee joins us this morning. what's happening right now. >> reporter: we have the elite republican guard, the people tasked with protecting the president. they are putting up barbed wire and road blocks, diverting traffic and people away and trying to keep the two sides, the pro-morsi and the anti-morsi protesters away from each other. last flight we saw thousands of pro-morsi supporters camp outside of the presidential palace, that is after they went there and removed, by force, the anti-morsi protesters. but now we have a small -- protests are planned for today against morsi and their plan to defe descend, again, on the presidential palace. >> a direct constitution has been approved and egyptians are scheduled to vote on it next week. is there something in this proposal that has protesters so angry? >>
the prophet mohamed. >> we've heard calls for ambassador rice to resign. are you in favor of that? >> no. that's shooting the messenger. she was told to go out and do that. i blame the secretary of state, i blame the operatives in the white house and i blame our national security adviser. if the president didn't know exactly what happened, he sure as hell should have. >> cia director david petraeus steps down after admitting to cheating on his wife. tonight new information on his stunning resignation and the latest developments. >> there is a theory that, look, come on, we had great generals, mcarthur, patton, eisenhower, j.f.k., clinton, they all had affairs. what do you say to that? >> well, i don't think the idea -- the problem is that general petraeus had an affair. i think the idea and the big problem is that he was director of the cia and he walked into right into one of the most blackmailable situations you can have. it's good the u.s. found out about it before the russians or chinese. it's not that he's a general messing around, and according to the code of the justice that's not allow
on his own people. mohammed jamjoom joins us with that part of the story. >> reporter: state officials have said they believe syrians are loading chemical weapons, precursors for sarin, a deadly nerve gas on to aerial bomb that is could be dropped on the syrian people. monday cnn reported that u.s. officials believed that the syrians had begun mixing chemicals that could be used to weaponize sarin, but there were no signs that the syrian regime was going to do anything with those weapons. they maintain yet again today that they have no intention of using chemical weapons in syria. carol? >> mohammed jamjoom in beirut this morning. >>> sad ending for a month-long search of two missing cousins. the bodies of 8-year-old elizabeth collins and 10-year-old lyric cook were found by hunters in the wooded area. the two girls have been missing since july. jim spellman has been following the story since lyric and elizabeth went missing. you know, i know the families were hopeful till the end. what a saddened. >> yeah, indeed. we haven't gotten official word from police that the two podiatries fou
mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o
about several things. first of all, all concerning president mohammed morsi and this growing perception that he is making himself too powerful. cnn's reza sayah is in cairo. >> opposition factions back protesting against mohammed morrissey for nearly two weeks. most of the protests have been limited to tahrir square, but they're now going to the source of their anger, president morrissey, and his presidential palace. >> why come here? >> because it's -- we got fed up. >> he doesn't respect us. he don't want to listen to our demands. >> reporter: what's your message to him by coming out here? >> that what he is doing is completely unfair. this is not what we asked for. it's complete dictatorship. >> reporter: at one point there were tense moments when protests clashed with police and broke through a police barrier, but things called down pretty quickly. the president in no danger. he left at some point. the protests continue empassioned but peaceful. there you hear the chants of dictator, dictator. like much of egypt, most of these people are muslims, but you'll also find the moderates,
indefinitely after supporters of president mohammeds mo morsi prevented judges from entering the building. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york ti
waiting for president mohammed morsi to speak. this is after a night of violent clashes that killed six people and killed more than 670 injured. tanks, armored personnel carriers clearing the area, scattering clouds of 0 protesters fighting in the streets. the latest spiral of violence after morsi's sweeping power grab. supporters of the muslim brotherhood who back president morsi clashing with opponents saying he made himself a dictator. reza sayah in cairo, the president not spoken. when he does, what might he say? >> reporter: well, nobody really knows what he's going to say other than members of his inner circle, but certainly, there's a lot of pressure on president morsi to calm down this conflict that's been escalating over a few days, especially the last night. we've eagerly waiting for him to speak, but he hasn't spoken yet. we're not quite sure what the delay is. initially, word was that at 6:00 p.m. local time, three and a half hours ago, he was going to deliver his speech and then reports came that this was going to be a taped speech. taped the address. dlifed it to state med
on a new hard-line constitution favored by islamist president mohammed morsi. early exit polls suggest about 60% of egyptians are in favor, and that has the country's muslim brotherhood party already declaring victory. amy kellogg is live from london. she's been following it from there. amy, why are these preliminary results so controversial? >> reporter: well, they are controversial, gregg, because the opposition, and that would be largely the secular groups, the liberals, and the christians say they they did not have a fair stake in the body that drew up this constitution. there have already been allegations of voter fraud in this process and frankly only a third of egypt's eligible voters turned out. if this constitution does pass there are people who say it doesn't have a whole lot of legitimacy. the judges are looking into these claims of irregularities, and that may be why we don't have the results of a process that began over a week ago. this is an important moment because this new document is really meant to inch vine all inshrine everything to the citizens that the old one did
president mohamed morsi's power grab. we've seen what he's done over the last couple of weeks. these protests are in response to several decrees issued by morsi that gives him near absolute power. last night an estimated 10,000 people crowded in the center of alexandria. tens of thousands rallied in tahrir square. and 100,000 demonstrated in front of the presidential palace. >>> and back here in tus, a busy economic calendar. we get the adp employment report, which is -- i don't know whether it's better or worse now. we'll see. >> they're looking at -- oh, private payrolls. >> coming in at 125 in private jobs. >> 79,000 or 80,000, which was closer to the total number. >> we must still be losing government jobs. 8:30 eastern, a revision to third quarter productivity and costs. and then later this morning, a november ism number, but it's nonmanufacturing. here's a few early stocks to watch. facebook is going to join the fa face the nasdaq indix. pandora media is lowing its fourth quarter guides. they are worried about the fiscal cliff. shares dropped after hours. that's not wher
are true even if mohamed morsi believes them. and one of those things is that there are a lot of old regime people around that have been really working to bring him down from the inside. even paranoids have enemies. he's a deeply paranoid guy right now. but he also is facing a lot of internal enemies. the overwhelming sense i had, mika, from being in egypt is how little the people there know each other. they have a blue states/red states problem that makes ours look like a day at the beach. and that's really -- as the lid has come off and you have these less religious brotherhood people and middle and upper class people from cairo and alexandria, these people do not know each other at all. this country really needs to go on a long weekend retreat. >> yeah, i don't think that's going to happen. you know, we saw the same thing, interestingly enough, in 2009 in iran where you had a lot of people in the cities opposing ahmadinejad, and you had people in more rural areas being far more conservative and supporting ahmadinejad. but carl bernstein, one of morsi's biggest problems right now is we lo
assad, his country's military police chief just switched sides and joined the rebels. mohammed is monitoring the situation from lebanon and joins us live. >> reporter: joe, the day began with news that major general, chief of military place in syria, had defected, had decided to join as he called it the people's uprising. he posted a video in which he stated his reasons for why he was defectsing, one of which was that the syrian military had betrayed the ideal as of syria and gone after the syrian people. now, we heard from rebel-free syrian army members throughout the day that in fact the fsa had helped transport the major general across country lines from syria into turkey. they say is he safe, that is he in turkey. they've also said they're willing to help other military officials in syria defect, but that they wouldn't be willing to help for much longer. the rebels feel they are the upper hand. they're saying that it's only a small window of time, they're giving other military officials in syria to defect, otherwise they won't look kindly upon their actions. the rebels beli
Search Results 0 to 16 of about 17 (some duplicates have been removed)